Past year: ▲ 0%(0.60c – 0.60c AUD)
Each one in plain English, with the numbers worked through for a shareholder.
26 Mar 2025capital raising announcement● NeutralMajor
The third $300,000 tranche with the James super fund changes from a share subscription to an interest-free loan due by 31 March 2025. It converts to shares at $0.006 (or a market price, minimum $0.004, once trading resumes) if shareholders approve; any balance is repaid in cash by 31 December 2025.
11 Oct 2024capital raising announcement● NeutralMajor
A fund linked to chairman Ray James offered a $300,000 interest-free loan, to be repaid by issuing 50m shares at $0.006, plus $600,000 more in two $300,000 share tranches, all subject to shareholder approval. Cash supply for a company with $449k.
10 Jan 2022capital raising announcement▲ GoodMajor
Rights issue closed 5 January 2022 with valid acceptances for 97.15m shares ($0.97m) and 231.65m shares ($2.32m) shortfall, totalling about $3.29m at $0.01. The shortfall placement wasn't explained in the text; shares and options to issue 12 January.
14 Dec 2021capital raising announcement● Neutral
Rights issue closing date extended from 17 December 2021 to 5 January 2022 because postal delays hit delivery of the prospectus and forms. Allotment moves to 12 January 2022.
7 Dec 2021capital raising announcement● Neutral
Rights issue prospectus and entitlement forms were dispatched to eligible shareholders on 7 December 2021; offer to close 17 December. Administrative notice with no new terms.
29 Nov 2021capital raising announcement● Neutral
Icon confirmed the rights issue record date of 2 December 2021 and eligibility (Australia, New Zealand, Hong Kong addresses). Timetable notice only; no new terms.
29 Nov 2021capital raising announcement● Neutral
Prospectus lodged for the rights issue: 1 new share for every 2 held at $0.01, with one attaching $0.05 option per new share expiring 12 September 2022. Maximum 328.8m shares; offer closes 17 December 2021. Formal document for the already announced raise.
29 Nov 2021capital raising announcement● NeutralMajor
Icon launched a 1-for-2 non-renounceable rights issue at $0.01 per share, up to 328.8m shares to raise up to $3.28m, with a free $0.05 bonus option (expiring 12 September 2022) per share. It follows a recent placement to sophisticated investors, mentioned without details.
2 Dec 2013capital raising announcement▲ GoodMajor
Icon raised A$18.8m by placing about 80.3m shares at $0.235 each to Hong Kong's HK Prosperous Technology, a 62.1% premium to the $0.145 last close. Shares on issue rise to 615.8m, and the investor becomes the largest shareholder. Cash is $41.7m, which management says funds the ATP 855 program.
What it means for a shareholder
80.3m new shares at A$0.235 to raise about A$18.8m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (4,255 at the issue price), your slice goes from 0.000795% to 0.000691% of the company. To keep it you'd need 638 more shares - about A$150 at the issue price.
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5 Dec 2012capital raising announcement▲ GoodMajor
The share purchase plan drew applications for 18.6 million shares, raising $4.1m at $0.22, on top of the $10m placement. Shares on issue will be about 533.4 million after allotment on 7 December 2012.
What it means for a shareholder
18.6m new shares at about A$0.2204 to raise about A$4.1m. That's 3.8% dilution: every existing holder's slice gets 3.8% smaller. If you held A$1,000 of shares (4,537 at the issue price), your slice goes from 0.000967% to 0.00093% of the company. To keep it you'd need 180 more shares - about A$40 at the issue price.
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20 Nov 2012capital raising announcement● Neutral
Appendix 3B and cleansing statement for the allotment of shares from the 13 November placement. Administrative paperwork; no new information beyond the earlier placement announcement.
16 Nov 2012capital raising announcement● Neutral
Icon despatched its Share Purchase Plan booklet, letting eligible shareholders buy up to $15,000 of shares at the $0.22 placement price. The offer closes 30 November 2012. Funds go to extra ATP 855P technical work and general purposes.
13 Nov 2012capital raising announcement● NeutralMajor
Icon raised $10.0m through a placement of about 45.5 million shares at $0.22, an 18.5% discount to the last close of $0.27. Proceeds fund Icon's share of Halifax-1 costs and a further ATP855P well. A share purchase plan at the same price follows.
What it means for a shareholder
45.5m new shares at A$0.220 to raise about A$10.0m. That's 8.8% dilution: every existing holder's slice gets 8.8% smaller. If you held A$1,000 of shares (4,545 at the issue price), your slice goes from 0.000969% to 0.000883% of the company. To keep it you'd need 441 more shares - about A$97 at the issue price.
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23 Dec 2010capital raising announcement▲ GoodMajor
Icon raised $5.9m by placing 29.5m shares at 20c with three Chinese investors, each agreeing to hold for at least 12 months. Shares on issue rise to 469.3m (6.29% dilution). Funds support Queensland, SA and Victoria operations and the SinoGas talks.
What it means for a shareholder
29.5m new shares at A$0.200 to raise about A$5.9m. That's 5.9% dilution: every existing holder's slice gets 5.9% smaller. If you held A$1,000 of shares (5,000 at the issue price), your slice goes from 0.00107% to 0.001% of the company. To keep it you'd need 314 more shares - about A$63 at the issue price.
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1 July 2009capital raising announcement▲ GoodMajor
The share purchase plan drew applications for about 58.3m shares, about $17.5m, nearly three times the $5-6m expected. With the placement, cash is over $30m at 30 June. Icon plans eight stratigraphic holes and 147 km of seismic outside the Stanwell area.
What it means for a shareholder
58.3m new shares at about A$0.5146 to raise about A$30.0m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (1,943 at the issue price), your slice goes from 0.000511% to 0.000443% of the company. To keep it you'd need 298 more shares - about A$153 at the issue price.
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10 June 2009capital raising announcement● Neutral
Icon releases the share purchase plan booklet: eligible holders can buy $990 to $15,000 of shares at 30c, offer open 12-26 June. Shares are expected to be allotted 2 July. Funds are for development drilling, equipment and running costs.
1 June 2009capital raising announcement● NeutralMajor
Icon has commitments for a placement of 45-46m shares at 30c, led by Intersuisse, plus a share purchase plan at 30c up to $15,000 per holder. The plan could add up to about 100m shares. This revives the capital raising abandoned in April.
What it means for a shareholder
46.0m new shares at A$0.300 to raise about A$13.8m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (3,333 at the issue price), your slice goes from 0.00112% to 0.000968% of the company. To keep it you'd need 514 more shares - about A$154 at the issue price.
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11 May 2009capital raising announcement● Neutral
Icon still intends to offer shareholders a pro-rata share purchase plan, but says the timing has not been decided. This softens the April statement that terms would be announced shortly. No size or price is given.
9 Apr 2009capital raising announcement▼ BadMajor
Icon says a planned placement of up to 45 million shares at 24 cents was abandoned after confidentiality was lost and the shares were halted. It still intends to announce a share purchase plan of up to $10,000 per holder. LP-4 had reached 331 metres.
What it means for a shareholder
45.0m new shares at A$0.240 to raise about A$10.8m. That's 13% dilution: every existing holder's slice gets 13% smaller. If you held A$1,000 of shares (4,167 at the issue price), your slice goes from 0.0014% to 0.00121% of the company. To keep it you'd need 628 more shares - about A$151 at the issue price.
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2 Sept 2008capital raising announcement● NeutralMajor
Icon placed 14.3 million shares at 19 cents to raise $2.717m, funding new coal bed methane pilot wells in ATP 626P around Lydia No.1. PEL 218 seismic (33.33% farm-in) starts October 2008, with a first well by October 2009.
What it means for a shareholder
14.3m new shares at A$0.190 to raise about A$2.7m. That's 4.6% dilution: every existing holder's slice gets 4.6% smaller. If you held A$1,000 of shares (5,263 at the issue price), your slice goes from 0.00176% to 0.00168% of the company. To keep it you'd need 252 more shares - about A$48 at the issue price.
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5 June 2008capital raising announcement● NeutralMajor
Icon placed 16 million shares to raise $2.801m: 11m at 20.1 cents, 4m at 7.5 cents and 1m at 29 cents. Funds go to administration and dewatering tests on ATP 626P. The 5m shares at 7.5c and 29c settle an agency agreement tied to a gas sales MOU.
